Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2018

Earnings Per Share [Abstract]

Schedule of earnings per share

Basic earnings per share (EPS) are computed on the basis of the weighted average number of shares outstanding during the period presented. Diluted EPS assumes the conversion of both the Convertible Preferred Stock $7.00 Series and the Convertible Preferred Stock $8.00 Series.

	(In Thousands Except per Share Amounts)
	Three Months Ended June 30,
	2018					2017
Basic:	Income			Shares		Income			Shares
Net Income	$	8,675			16,388	$	5,381			16,332
Preferred Dividend		(36	)				(36	)
Earnings Applicable to Common Stock	$	8,639			16,388	$	5,345			16,332
Basic EPS	$	0.53				$	0.33
Diluted:
Earnings Applicable to Common Stock	$	8,639			16,388	$	5,345			16,332
$7.00 Series Preferred Dividend		17			115		17			115
$8.00 Series Preferred Dividend		6			41		6			41
Adjusted Earnings Applicable to  Common Stock	$	8,662			16,544	$	5,368			16,488
Diluted EPS	$	0.52				$	0.33

	(In Thousands Except per Share Amounts)
	Six Months Ended June 30,
	2018					2017
Basic:	Income			Shares		Income			Shares
Net Income	$	13,169			16,371	$	9,822			16,316
Preferred Dividend		(72	)				(72	)
Earnings Applicable to Common Stock	$	13,097			16,371	$	9,750			16,316
Basic EPS	$	0.80				$	0.60
Diluted:
Earnings Applicable to Common Stock	$	13,097			16,371	$	9,750			16,316
$7.00 Series Preferred Dividend		34			115		34			115
$8.00 Series Preferred Dividend		12			41		12			41
Adjusted Earnings Applicable to  Common Stock	$	13,143			16,527	$	9,796			16,472
Diluted EPS	$	0.80				$	0.59